Dongbei's September revenue decline due to mainland TV customers adjusting inventory

Taiwan's LED packaging factory Dongbei was affected by mainland TV customers' adjustment of inventory. The consolidated revenue in September fell to NT$512 million, and the utilization rate also dropped to around 60~65%.

Dongbei said that the original LED industry was the traditional peak season in the second and third quarters, and the fourth season was due to the end of the year, and the first quarter of the next year was also in the off-season due to the Lunar New Year, but this year there are mainland energy-saving people. The subsidy policy ended in May, causing TV customers to pull goods in advance. Therefore, many customers in the third quarter are still adjusting their inventories. Dongbei Q3 revenue is NT$1.679 billion.

Dongbei pointed out that in October, there has been no decline in TV backlight demand, and LED lighting continues to grow, driving the utilization rate to nearly 70%. It is noted that the combined revenue in October should be slightly higher than that in September, November. It is expected to continue upwards.

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